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Fly News Breaks for September 14, 2018
PH, HP, VFC, CCE, GLW
Sep 14, 2018 | 10:10 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Corning (GLW) upgraded to Buy from Neutral at Citi with analyst Asiya Merchant saying the shares are "poised to continue to grind higher" in the next 12-18 months as investors appreciate the company's "multiple vectors" for revenue growth, diversification and margin expansion. 2. Coca-Cola European Partners (CCE) was upgraded to Outperform at Wells Fargo and to Neutral from Negative at Susquehanna. 3. VF Corp. (VFC) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying VF's disclosure of a 23% operating margin for Vans implies that the brand alone could generate $1B-plus in free cash flow by fiscal 2022. 4. Helmerich & Payne (HP) upgraded to Neutral from Underweight at JPMorgan with analyst Sean Meakim saying Helmerich exceeded his expectations in adapting to the upgrade cycle. 5. Parker-Hannifin (PH) upgraded to Buy from Neutral at Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For GLW;CCE;VFC;HP;PH From the Last 2 Days
VFC
Apr 15, 2024 | 05:12 EDT
Williams Trading upgraded VF Corp. to Hold from Sell with a $13 price target. The firm cites valuation for the upgrade with the shares hitting its price target. The Vans and Timberland businesses remain challenged, with few, if any signs of improvement, the analyst tells investors in a research note.